Research on the Effect of New Quality Productivity on the Inter-regional Capital Flow:Empirical Evidence from Overseas Subsidiaries of Listed Companies
Inter-regional capital flow plays an important role in promoting inter-regional economic cooperation and coordinated development.Based on the panel data of China's A-share listed companies from 2010 to 2022,this paper analyzes the impact of the development of China's new quality productivity on the cross-regional capital flow through the intermediary effect test.The research results show that the development of new quality productivity has a positive impact on the enterprises'inter-regional capital flow.The higher level the development of new quality productivity,the faster the inter-regional capital flow,and this positive effect is particularly significant in non-state-owned enterprises,labor-intensive enterprises,technology-intensive enterprises and the eastern and western regions.The influence mechanism is to promote the cross-regional capital flow by optimizing resource allocation and business environment.Therefore,China should make good use of the positive impact of the development of new quality productivity on the inter-regional capital flow,and improve the inter-regional capital flow by optimizing the allocation of resources and business environment.
new quality productivitytrans-regional mobilityresource allocationbusiness environment
NETL
NSTL
万方数据
